August 2019 cumulative deficit will surpass $1 trillion

Discussion in 'Current Events' started by nopartisanbull, Sep 8, 2019.

  1. nopartisanbull

    nopartisanbull Well-Known Member

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    Not yet a current event.....

    The next issue of the Monthly Treasury Statement, (August 2019), will be released on Wednesday, September 11th.

    For anyone's info, the current July 2019 issue states the following highlight;

    "July has been a deficit month 63 times out of 65 fiscal years, since there are no major corporate or individual tax due dates in this month."

    https://fiscal.treasury.gov/files/reports-statements/mts/mts0719.pdf

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    HINT: "July has been a deficit month 63 times of 65 fiscal years"

    QUESTION: Historically/fiscally, what about the month of August?

    ANSWER; Since 1954, worst than July!

    SOURCE; https://tradingeconomics.com/united-states/government-budget-value

    EXAMPLES;

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    IN FACT; August has been a deficit month 65 times out of 65 fiscal years, and here are July's two surpluses out of 65 fiscal years;



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  2. nopartisanbull

    nopartisanbull Well-Known Member

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    Another eye-opening fact;

    FISCALLY, Reagan, Bush, Clinton "strong economies" all show FIVE monthly surpluses....

    TRUMP; Only THREE monthly surpluses
     
  3. nopartisanbull

    nopartisanbull Well-Known Member

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    Correction; Barely THREE monthly surpluses

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    REAGAN

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    CLINTON

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    BUSH

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